AT A GLANCE
100 Woodbridge Center Drive
Woodbridge, NJ 07095
Year founded: 1906
Number of brokerage and support professionals in New Jersey: 47
Areas of expertise in real estate: Investment sales with a focus on multifamily sales and commercial sales and leasing.
OUR CLIENTS
High net worth individuals, multigenerational real estate owners, public and private companies and institutional investors.
OUR ADVANTAGE
Founded in New Jersey in 1906, Kislak is now in its eleventh decade of providing the highest-quality professional service in selling and leasing investment and commercial real estate. Few companies match this record of achievement and client satisfaction. We provide comprehensive market coverage throughout New Jersey, its neighboring states and southeast Florida. The breadth of our market coverage and relationships in New Jersey is unmatched.
ON THE HORIZON
Continued growth in our core markets as more investors enter the market, especially from New York City and further expansion into Florida as its population increases and more investors focus there.
TRANSACTION SPOTLIGHT
Kislak arranged the sale of a nearly completed, 242-unit luxury multifamily building in Carteret, NJ for $87.5 million with senior vice president Barry Waisbrod handling the assignment. Now known as The Botanic, the property was in lease-up at the time of the sale. It followed the seller’s sale to the same purchaser of The Lofts at Middlesex, a new 146-unit multifamily property in Middlesex, NJ, which sale was also arranged by Kislak with Mr. Waisbrod also handling the assignment.
CREATIVE SOLUTION
Kislak sold an older Passaic County, NJ multifamily property on behalf of a longtime client with senior vice president Robert Squires handling the assignment. Following the sale, the seller needed an I.R.C. Section 1031 like-kind exchange, ideally a new multifamily property. Mr. Squires partnered with executive vice president Joni Sweetwood, who had recently been engaged to market Mosaic on Main, a new luxury multifamily property in Bound Brook, on behalf of another longtime client. Together, Mr. Squires and Ms. Sweetwood arranged the $22 million sale of the property, enabling the Passaic County seller to successfully complete a $36 million exchange.
